What's Hot

    Major General Plan Amendments Requested for 1,800-acre Florence Area

    September 5, 2025

    Mesa Approves 29-Unit Townhome Plan

    September 5, 2025

    VanTrust Announces 1.1MSF Industrial Plan in Glendale

    September 5, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 5, 2025] - Major General Plan Amendments Requested for 1,800-acre Florence Area
    • [September 5, 2025] - Mesa Approves 29-Unit Townhome Plan
    • [September 5, 2025] - VanTrust Announces 1.1MSF Industrial Plan in Glendale
    • [September 5, 2025] - Construction Job Openings Up 77,000 YoY
    • [September 5, 2025] - Arizona Projects 09-05-25
    • [September 3, 2025] - TSMC Building Water Reclamation Plant
    • [September 3, 2025] - Pinal Airpark Gets OK, Funding for Air Traffic Tower
    • [September 2, 2025] - 336 Apartments Coming to Casa Grande Commons
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Major General Plan Amendments Requested for 1,800-acre Florence Area

      September 5, 2025

      Mesa Approves 29-Unit Townhome Plan

      September 5, 2025

      VanTrust Announces 1.1MSF Industrial Plan in Glendale

      September 5, 2025

      TSMC Building Water Reclamation Plant

      September 3, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Commercial Real Estate 08-12-25

      August 12, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Industry Professionals 08-12-25

      August 12, 2025

      Arizona Projects 09-05-25

      September 5, 2025

      Arizona Projects 08-29-25

      August 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Construction Job Openings Up 77,000 YoY

      September 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Multifamily Developer Confidence Up in Q2

      August 12, 2025

      Major General Plan Amendments Requested for 1,800-acre Florence Area

      September 5, 2025

      Mesa Approves 29-Unit Townhome Plan

      September 5, 2025

      VanTrust Announces 1.1MSF Industrial Plan in Glendale

      September 5, 2025

      Construction Job Openings Up 77,000 YoY

      September 5, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Trends » Input Prices Up Again in December
    Trends

    Input Prices Up Again in December

    BEX StaffBy BEX StaffJanuary 18, 2022No Comments2 Mins Read
    Credit: Associated Builders and Contractors
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Associated Builders and Contractors

    Construction input prices rose 0.6% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also rose 0.6% for the month.

    Input prices for all three energy subcategories decreased for the month. Crude petroleum was down 16.4% in December, while unprocessed energy materials and natural gas were down 13.1% and 12.0%, respectively. Prices in all three energy subcategories, however, are still up significantly on a year-over-year basis. Overall construction input prices are up 22.3% from a year ago, while nonresidential construction input prices have increased 23.2% over that span.

    “The definition of transitory continues to expand along the dimension of time,” said ABC Chief Economist Anirban Basu. “A year ago, Federal Reserve officials and many others thought that elevated inflationary pressures would have abated by now. They have not. Instead, materials prices remain elevated and generally continue to march higher.”

    “Much attention has been devoted to global supply chain disruptions,” said Basu. “Thanks to the omicron variant, those disruptions will persist through the first quarter of 2022. That translates into additional upward pressure on construction materials prices, something that estimators must consider as they submit bids for future work. Among the other implications of materials price increases is the redesign of projects to substitute for expensive inputs, such as steel. Not only does this put pressure on architects and engineers to identify alternative designs and materials, but it also means that contractors may end up working with inputs with which they are less familiar.”

    “ABC continues to forecast that, at some point later this year, materials prices will begin to normalize,” said Basu. “The expectation remains that global supply chain disruptions will steadily fade as 2023 approaches as will the demand shock associated with economic reopening. The Federal Reserve has pivoted to a regime emphasizing inflation containment, which will also help to suppress inflationary pressures at some point in 2022. For these and other reasons, confidence among ABC members has continued to inch upward, according to ABC’s Construction Confidence Index.” (Source)

    ABC Anirban Basu Associated Builders and Contractors Bureau of Labor Statistics Construction Confidence Index construction inputs construction prices crude petroleum demand shock federal reserve inflation materials costs Natural Gas omicron pandemic Private Producer Price Index project redesign supply chain unprocessed energy materials
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Major General Plan Amendments Requested for 1,800-acre Florence Area

    September 5, 2025

    VanTrust Announces 1.1MSF Industrial Plan in Glendale

    September 5, 2025

    Construction Job Openings Up 77,000 YoY

    September 5, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Major General Plan Amendments Requested for 1,800-acre Florence Area

    September 5, 2025

    Mesa Approves 29-Unit Townhome Plan

    September 5, 2025

    VanTrust Announces 1.1MSF Industrial Plan in Glendale

    September 5, 2025

    Construction Job Openings Up 77,000 YoY

    September 5, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Major General Plan Amendments Requested for 1,800-acre Florence Area

    September 5, 20250

    By Roland Murphy for AZBEX The Florence Planning and Zoning Commission will hold the first…

    Mesa Approves 29-Unit Townhome Plan

    September 5, 2025

    VanTrust Announces 1.1MSF Industrial Plan in Glendale

    September 5, 2025

    Construction Job Openings Up 77,000 YoY

    September 5, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Major General Plan Amendments Requested for 1,800-acre Florence Area

    September 5, 2025

    Mesa Approves 29-Unit Townhome Plan

    September 5, 2025

    VanTrust Announces 1.1MSF Industrial Plan in Glendale

    September 5, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.